Equities research analysts expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to announce earnings of $0.57 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Motorcar Parts of America’s earnings, with estimates ranging from $0.57 to $0.58. Motorcar Parts of America posted earnings per share of $0.47 in the same quarter last year, which suggests a positive year over year growth rate of 21.3%. The company is scheduled to announce its next quarterly earnings report on Tuesday, June 13th.

On average, analysts expect that Motorcar Parts of America will report full year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.12 to $2.26. For the next year, analysts anticipate that the company will post earnings of $2.40 per share, with EPS estimates ranging from $2.29 to $2.51. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Thursday, February 9th. The auto parts company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. Motorcar Parts of America had a net margin of 7.43% and a return on equity of 18.61%. The business had revenue of $112.60 million for the quarter, compared to analyst estimates of $100.80 million. During the same period last year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was up 19.8% on a year-over-year basis.

Several analysts have recently issued reports on the stock. Roth Capital reiterated a “buy” rating and issued a $31.00 target price (down previously from $35.00) on shares of Motorcar Parts of America in a research note on Thursday, February 16th. B. Riley reiterated a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research note on Monday, March 27th. Finally, Zacks Investment Research upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th.

Shares of Motorcar Parts of America (NASDAQ:MPAA) traded down 1.41% during midday trading on Tuesday, hitting $29.47. 62,597 shares of the company were exchanged. Motorcar Parts of America has a one year low of $21.75 and a one year high of $35.92. The firm has a market capitalization of $550.88 million, a price-to-earnings ratio of 19.11 and a beta of 1.74. The firm’s 50 day moving average price is $28.71 and its 200 day moving average price is $27.32.

In other news, Director Jeffrey P. Mirvis bought 2,000 shares of Motorcar Parts of America stock in a transaction dated Friday, March 24th. The stock was purchased at an average price of $28.06 per share, for a total transaction of $56,120.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Duane Franklin Miller sold 17,000 shares of the company’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $30.11, for a total transaction of $511,870.00. Following the completion of the sale, the director now owns 13,690 shares of the company’s stock, valued at approximately $412,205.90. The disclosure for this sale can be found here. In the last quarter, insiders bought 3,100 shares of company stock valued at $87,954 and sold 31,735 shares valued at $933,983. Corporate insiders own 5.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of MPAA. Municipal Employees Retirement System of Michigan raised its stake in Motorcar Parts of America by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,060 shares of the auto parts company’s stock valued at $117,000 after buying an additional 60 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Motorcar Parts of America during the fourth quarter valued at about $205,000. Louisiana State Employees Retirement System raised its stake in Motorcar Parts of America by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the auto parts company’s stock valued at $234,000 after buying an additional 100 shares during the last quarter. Aperio Group LLC purchased a new stake in Motorcar Parts of America during the third quarter valued at about $239,000. Finally, Thrivent Financial for Lutherans raised its stake in Motorcar Parts of America by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,040 shares of the auto parts company’s stock valued at $270,000 after buying an additional 500 shares during the last quarter.

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Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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